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Coinbase acquires Earn.com

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Re: Coinbase acquires Earn.com

#151

Post by loceng »

hndamien wrote: post #126
loceng wrote: post #120

Earlier quoted context omitted.

I really don't see how you could make either of those assertions from what I wrote. If I steal $100 from you, and now I have $100 and you have $0 - would you have a problem with that? That's a generally asinine accusation to make.. Isn't the most important part that something happens fairly - or is your argument that collaboration at all costs is okay? All people having the pie and wanting it to grow (it's what we te…

I have no idea what you are talking about. People that buy crypto currencies are exchanging money for digital rights (which some believe are better forms of money). How that relates to you stealing $100 from me is beyond my comprehension. People that hold USD have their pie diluted, and they are even lied to about it by using a CPI figured calculated from consumer goods and not a more rounded figure of all asset pric…

Sorry, that was a bad example, and that I didn't explain - making even less comprehensible. It was an attempt to counter your assertion that I "have a problem with other people having large pieces of pie" - which is as ridiculous, as if I stole $100 from you [which gives me more money than your $0], and asking if you're okay that I stole $100 from you. Your accusation was completely baseless/shallow, I should have just said that.

Re:"People that hold USD have their pie diluted"

Ah ha! I think we can get somewhere now. Early adopters, their pie piece gets bigger, and late adopters -- their pie gets diluted (because they're covering the cost of bigger pieces of pie of the earlier adopters).

If USD is bad because the pie gets diluted (because of monetary policy/governance etc), then why isn't it equally bad for the late adopters that their pie is diluted too? Or you only are thinking/care about the early adopters?

Does this make sense to you now? You understand how late adopters are covering the early adopters "profits"?

Re: Coinbase acquires Earn.com

#152

Post by vasilipupkin »

vinniejames wrote: post #16
LAMike wrote: post #7

21.co, now named Earn.com raised 100M dollars, but the rumor is A16Z used that money to directly buy BTC for their VC fund without making too much noise. Coinbase didn't buy them for 100M, but the VC's at A16Z might be sitting on a billion dollars if they invested in BTC when 21.co was started. Anyone else hear about this rumor?

This explainantion doesn't make sense. You're alledging a16z funded 21.co with $100M, then took it all back to buy Bitcoin? If that's the case earn.com would own the BTC, which would mean Coinbase acquired all the BTC held by earn.com Unless there is something I'm missing, this almost certainly did NOT happen

right, and if earn.com is sitting on a billion worth of bitcoin, why would they sell for 100mln and why would the founder take a CTO job? Doesn't sound plausible

Re: Coinbase acquires Earn.com

#153

Post by shadowtree »

LAMike wrote: post #7

21.co, now named Earn.com raised 100M dollars, but the rumor is A16Z used that money to directly buy BTC for their VC fund without making too much noise. Coinbase didn't buy them for 100M, but the VC's at A16Z might be sitting on a billion dollars if they invested in BTC when 21.co was started. Anyone else hear about this rumor?

Well, Balaji Srinivasan who just became the Coinbase CTO, was previously a candidate to run the FDA for Trump: https://www.recode.net/2017/1/14/14276530/balaji-srinivasan-...

Isn't it amazing how one day you're an expert in Drug and Med Device manufacturing and approvals, the next day you're building cryptocurrency miners?

Only in SV, what a town.

Re: Coinbase acquires Earn.com

#154

Post by tuxxy »

paulie_a wrote: post #80
tuxxy wrote: post #67

Earlier quoted context omitted.

> smart contract-powered decentralized escrow service That's actually not quite right. I'm one of the engineers here, but allow me to put my evangelism hat on a bit here. We're building a decentralized key management system similar to AWS KMS or Google Cloud KMS -- except decentralized. We use proxy re-encryption to do this. You can read about how it works in our Umbral blog post[0]. Several large applications are wi…

I honestly think those are the two worst possible examples. I would never trust my secret management to some random block chain. And for medical records? That is laughable at best with severe HIPPA compliance issues.

> I would never trust my secret management to some random block chain.

Me neither. ;)

Re: Coinbase acquires Earn.com

#156

Post by modeless »

rsynnott wrote: post #146
modeless wrote: post #41

I signed up for earn.com with the expectation that anyone wanting to message me would have to pay first. Then they sent me spam from ICOs without paying me. Worse than useless. Their previous hardware mining ASIC product was also poorly thought out and ultimately a colossal waste of money. I'm thinking the people claiming that there are other motives behind this deal are probably right.

> I signed up for earn.com with the expectation that anyone wanting to message me would have to pay first. Then they sent me spam from ICOs without paying me. Worse than useless. What lead you to expect that people would want to pay to email you? The business model makes no sense; it's obvious that that wasn't going to happen.

I didn't really expect it, though I thought there was a chance that some ICOs with more money than sense might try it once or twice. I did expect, however, that they wouldn't spam me with non-paid messages. Obviously that was foolish.

Re: Coinbase acquires Earn.com

#157

Post by thelegendxp »

arisAlexis wrote: post #38
crabasa wrote: post #12

This is too bad. I remember learning about 21.co (later earn.com) and being excited about the idea of using a pricing mechanism to eliminate spam and increase the quality of my inbox. This core idea is a big part of what I'm working on right now [1]. One thing that 21.co never really figured out was a killer use case, or how to best connect buyers with highly-targeted sellers in this "attention" marketplace. It just…

Check out veropost.com too :)

the email confirmation for signup is broken on that website

Re: Coinbase acquires Earn.com

#158

Post by LAMike »

shadowtree wrote: post #153
LAMike wrote: post #7

21.co, now named Earn.com raised 100M dollars, but the rumor is A16Z used that money to directly buy BTC for their VC fund without making too much noise. Coinbase didn't buy them for 100M, but the VC's at A16Z might be sitting on a billion dollars if they invested in BTC when 21.co was started. Anyone else hear about this rumor?

Well, Balaji Srinivasan who just became the Coinbase CTO, was previously a candidate to run the FDA for Trump: https://www.recode.net/2017/1/14/14276530/balaji-srinivasan-... Isn't it amazing how one day you're an expert in Drug and Med Device manufacturing and approvals, the next day you're building cryptocurrency miners? Only in SV, what a town.

Balaji is a true renaissance man

Re: Coinbase acquires Earn.com

#159

Post by hndamien »

loceng wrote: post #151
hndamien wrote: post #126

Earlier quoted context omitted.

I have no idea what you are talking about. People that buy crypto currencies are exchanging money for digital rights (which some believe are better forms of money). How that relates to you stealing $100 from me is beyond my comprehension. People that hold USD have their pie diluted, and they are even lied to about it by using a CPI figured calculated from consumer goods and not a more rounded figure of all asset pric…

Sorry, that was a bad example, and that I didn't explain - making even less comprehensible. It was an attempt to counter your assertion that I "have a problem with other people having large pieces of pie" - which is as ridiculous, as if I stole $100 from you [which gives me more money than your $0], and asking if you're okay that I stole $100 from you. Your accusation was completely baseless/shallow, I should have ju…

I understand what you are saying, but I don't think you understand the economics of what is happening with all due respect. If you mean that when an early adopter sells, this is diluting, then you are wrong. It just moves ownership, there is no dilution. In fact, this is something we should all want to happen, because it improves distribution. It is mostly of little consequence though. When money is created and injected into the money supply, real dilution happens, and the creator/ injector gets the benefit of that money first, not an early adopter that through holding helped everybody. These are vastly different concepts.

Re: Coinbase acquires Earn.com

#160

Post by CryptoPunk »

wpietri wrote: post #148
CryptoPunk wrote: post #132

Earlier quoted context omitted.

>>What American is excited to get email from some stranger who literally doesn't have two nickels to rub together? I don't know, but tying the expansion of the email system to the reach of the US financial system seems quite limiting and archaic, and totally contrary to the international and open nature of the internet. >>Or to do it over a relatively open network like e-check or wire transfer, where there's no lock-…

> tying the expansion of the email system to the reach of the US financial system seems quite limiting and archaic The important word here being "seems". Seeming is a thing that happens in someone's head. So the fuller version is "seems to an anonymous person who has tied their identity to a particular technology and a specific political vision". It does not seem like that to me. Or to 99.9% of companies, who start o…

>>In practice, starting with the use of the US financial system provides much more reach than Bitcoin, which has a much smaller user-base, something more like Bolivia or Switzerland, and whose "residents" do much less of their economic activity through that financial system than those in developed nations do.

Of course but that's pretty disingenuous, because it ignores the obvious: that those pushing this track see cryptocurrency becoming mass adopted over the coming years.

Their point is that cryptocurrency's potential reach is far greater than any centralized legacy financial system's.

Their other point is that it's more consistent with the open and decentralized nature of the internet.

>>So the fuller version is "seems to an anonymous person who has tied their identity to a particular technology and a specific political vision".

Are you sure that's not you?

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